Equity Partners Rake in Profits

Summary


Equity law partners are earning more than ever despite the impact of the recession on the legal sector, a new report has revealed.

Profit per equity partner (PEP) - the figure used by lawyers as a measure of success - rose sharply against revenue declines, according to research which reveals profits and billings of the UK's largest law firms.

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Extract


Equity Partners Rake in Profits

Among firms with significant presence in Birmingham, Shoosmiths managed to turn around a poor performance in 2008-09 when PEP fell 54 per cent.

The firm, which has an office on Colmore Row, reported ...

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